EU Regulators Delay Decision On Greek Airline Merger

Law360, New York (October 21, 2010, 1:34 PM EDT) -- European antitrust regulators have pushed their decision on a proposed merger between Greece's two largest airlines, Aegean Airlines SA and Olympic Air SA, from December to January.

The European Commission was slated to conclude its review of the deal by Dec. 7, but it has extended the deadline to Jan. 12, according to a statement released Thursday.

Joaquin Almunia, the EC's vice president in charge of competition policy, said that the “big difficulty” with the proposed merger is that the two airlines hold almost all of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.